WASHINGTON, DC–Perseus Realty and Transwestern Development Co. have formed a joint venture to expand their activities in the Mid-Atlantic; specifically as developers of office, residential and mixed-use projects.
According to TDC President Carleton Riser, the Washington DC metro area is a primary target for the company's long-term growth.
Perseus Realty was founded by Washington real estate veteran Bob Cohen in 2004 and has developed and acquired a number of assets including residential, office, hotel and urban retail properties. “We expect to make several new project announcements in the coming months to kick off this new partnership,” Cohen says in a prepared statement.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
